tv After the Bell FOX Business February 20, 2015 4:00pm-5:01pm EST
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someone% in some cases. [closing bell ringing] liz: overall, these cheers are for the broader market, david. what a big day. a record for the s&p. a record for the dow jones industrials. as walls of worry continue be toed climbed. david: looks like resolution part time for next four months what is happening in greece. the port situation is clearing up the we'll give you more information on that. interesting inn is day oil came down a little bit. >> nasdaq, russell, all green on the screen. let's get to the breaking news of greece. "after the bell" gets it to you right now. liz: it is only a four-month extension for the greece bailout plan but stock markets loved here in the united states. all-time highs as we mentioned
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on news that the greece and eurozone finance ministers meeting in brussels did reach a deal. david: peter barnes is following latest developments on this from washington. peter? >> eurozone officials granting greece extension to buy time to hammer out a longer term deal to possibly the restructure the bailout. we'll see. the new liberal greek government renounced fiscal and economic reforms required in the 2010, $270 billion bailout, threatening default. with bills coming due and cash running out they backed away from their rhetoric and had a six month extension but only got four. in the compromise, eurozone ministers gave greece till monday a list of reform measures the company plans to stick with, in terms of short-term bailout
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funding. and that list, once that list gets preliminary approval, presumably next week. then they set a deadline of the end of april for creditors to agree on a final list. officials said greece today reiterated unequivocal commitment to fully and timely honor its financial obligations to its creditors but officials agreed to the four-month bailout extension to avoid greece's economic recovery, fiscal stability and europe's financial system in danger as talks proceed. >> there is flexibility in the program. the greek government will propose to do different measures to deal with social issues which are high priority to them. and there is open flexibility within the program but it has to be paid for. it has to be part of approach, keeping the agreement on track. economic recovery can not be put in danger. fiscal sustainability can not be put in danger.
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and financial sector stability can not be put in danger. >> now the greek finance minister just finished up comments to the media. he said today's agreement gives his country time to negotiate a way out of its financial problems. david and liz. >> unbelievable. only four months. keep that in mind, david. david: four months. we might be right back here in four months. peter, break down today's record breaking action on dow and s&p. john maxim from beacon capital management. there are reasons to be cautious despite the greek deal. he has several headwinds you should watch out for. alan knuckman in the pits of cme. alan, stocks are way up. record territory for the dow and s&p. gold is way down. the vix is at 2015 low. have the markets finally calmed down this year? >> well i think so. the markets moved past the greece situation we see many times. every few years this flares up. but every market selloff has
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been lesser each and every time. so, it may be cold outside. it is really hot in these markets. we're at the highs. you have to be more selective after the move. 6% straight up in the s&p without much break since we've seen reversal february 2nd. liz: february 2nd, okay. let me get to john. you've been warning that the bull market is getting gray at the temples. i have heard warning for five years. it keeps going higher and higher. what would make this different? >> first of all, great to be with you, liz and david. you're right, people have been calling it since the european crisis reared its ugly head in 2011. difference what a day would make. when we started today, we didn't know whether greece would work something out. in fact they have punted the ball down the field four months. we'll see what four months from now has in store for the markets. if you look at markets first couple months they're up slightly. they have been sort of going
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sideways back and forth. january was a negative month. february has been good. there are a lot of economic indicators that are soft on data. don't forget historical bull market run is 66 months on average. we're in the 72nd month of this bull market run. i'm not saying the market will fall apart but there is certainly economic data we need to watch. david: john, if you're cautious as you certainly are, considering the longevity of this bull marketing look at company like at&t. which has given you 5.4% on its dividend. that is a huge dividend. it is a pretty solid company. give us other reasons to love that stock. >> well, so at our firm we deal with a lot of people in retirement or close to retirement and income has become the new buzzword for the boomer generation. we look at large cap stocks that pay high dividends, at&t being one of them for a couple reasons. number one, it meets income, 5.4
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to your point is very good. historically, almost 50% of the total return of the market has come from dividends. in fact i give you more recent data point, from early 2,000s to september of 2012, 100% of return of s&p came from dividends. so any type of stock that we can get a consistent dividend like at&t, at 5.4, that has consistently gone up year-over-year we'll take a strong look for our clients. liz: that is a great idea. if you look at company not going away. find how many times they continue to raised dividend, why not? alan, that leads us to what you and i were talking about on the set a few days ago. that is people, who counted out this market have actually been wrong. i don't care, as long as you're in stocks at the moment, because there is the fed trade. but you bring in oil. david made the point. interesting to see the market absolutely loved what was going on even as oil started to fall once again. oil yesterday, and inventories
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seeing a massive build. in fact the build yesterday, 14.3 million barrels over last week? blew away the expectations of 3.1 million barrels. so where does oil go from here, where dot markets go from here? >> i think oil is its own animal. $50 is important level to watch on weekly basis. we went below when we saw selling with people rolling out of front month contract. catching short-term profits as they bought at lower elves moving into the next month. we'll watch oil on its own basis. market is very strong. you have got to believe. there have been a lot of non-believers in this market last five years. it costs you nothing to believe and everything not to. remember that. it is about risk control. we're not in the opinion business of where, why we think the market will do what it is going to do. that is not how we make money. we make money identifying how the market's going to move. i still see a lot more upside as we break out about the channel
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your last guest has been talking about. we've been trading sideways three months. broken to the upside. let's see how it follows through. it is all about risk control and asset allocation so you're not overloaded any one sector where you get hurt by individual stock and play. david: heck with the weather, by the way. we're here in new york. i woke up it was two degrees. alan, i don't know how cold it is in chicago. but i bet our next guest has us all beat. he is from minneapolis. craig johnson. finally got the feed from minute nap press. i think the -- minneapolis. we think the wires froze up on. piper jaffray is the company you're from. eve the, even before the greek arrangement was made you saw another sign of another leg for market that average stocks are joining the rally. explain. >> when you go back to look at the russell 2000 it has been in a sideways correction for better part of a year at this point. over the last couple days we started to serious sell 2000 is
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breaking out to all-time new highs. the average stock once again started to participate. to us as technicians that is very bullish sign that the average stock is coming back to participate. we think this is a sign the timed correction this market has been in the over past year is starting to fade and we're starting next leg higher. we're bullish. we are looking for 2350 on s&p 500 this year. david: wow. >> that is about another 11% from where we are now. we think it might be conservative. liz: okay. that conservative. john you were already talking about how you feel when it comes to solid stocks with good dividends. what would you completely avoid right now? >> well, again our clients, the people we work with are not looking for the next momentum stock that will give them 20% return. could s&p go to 2350? i guess anything could happen, but in my opinion a lot more economic indicators if the market goes up, it will go up much less than that. i think the market will continue
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to go forward over the first couple of quarters, through fed monetary policy and momentum. but when you look at some data, we're 70% consumer spending economy. u.s. is best market out there. unemployment looks great at 5.7. when you factor in retail sales are down in an environment that crude oil prices have also dropped. so families are paying less at pump. 18% of the workforce is part-time employees and incomes of middle-class americans, is just really not keeping up with the demands of supporting a family and spending money, that is probably one of the reasons why the michigan consumer sentiment report fell 4 1/2 points last month. poll average consumer if they're confident about the market going up to 2350. i would venture to say that is not going to happen. david: let me just, bring craig back because he didn't have a chance to get into the first round. craig, if you, i know you're really bullish. that is a very optimistic
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projection for what the s&p might perform this year. what is your most conservative bet? from somebody as bullish as you, give us your most conservative bet, something perhaps even bears could appreciate? >> sure. let me do that, say one thing. this environment we're in right now with interest rates as low as they are, oil prices are down and economy is starting to move in the right direction, i don't know why people don't like this market. now from an individual stock perspective, let's look at some of the names and areas that we like. we still like health care. we still see very good relative strength problem. our perspective we see number of charts that look very good. we continue to think we'll see stocks like fluid break out to all-time new highs. we continue to look in the technology sector, semiconductor stocks with cr u.s. looking very positive. these are names we want to focus on. on consumer side costco. even conservative investors
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understand the power what cost go is doing and that chart looks fabulous and for next leg up. david: good stuff, guys. john maxim, craig johnson, alan knuckman. good to see you all. have a great weekend. liz: david, the highest number of overweight positions among analysts right now when it comes to sectors is technology. should you follow their love lead? they adore this sector. if so, do you buy older tech names or the new sexier names? david: plus, no deal has been reached at the west coast ports but we have just learned that some of those ports will be up and running this weekend. has the damage to the economy though already been done? we have two businesses who are still waiting on their loads from ships stuck at ports. >> optimism on wall street today has you, i don't know, a little worried, where can you go for safety? is there a new safe haven out there, not bold, that you may be ignoring? stay tuned.
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simonetti on floor of nyse. lauren? >> we have to start with winners. they are boeing, nice key and united technologies. for boeing and united technologies they have had five record closes in a row, really just surging today. look at that! boeing up 3% this week. let's show you the losers this week. no surprise here, exxon and chevron. some of the the biggest losers. energy only sector in the red out of 10 we like to look at. walmart also a big loser this week. but of course with the tremendous rally like we had today, you see green on that screen because today, those stocks did well. back to you. david: lauren simonetti, thank you. have a good weekend. >> thank you. >> let's not ignore the nasdaq. tech sector right now is very much loved on wall street. it has largest numbers of bullish positions among top analysts on the street. now if you agree with our optimism or just getting convinced, how do you play it? there are different levels to tech.
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bring in our panel. we have gary gary b. smith. "wall street journal's" paul vigna and fox business's tracy byrnes. gary b., do you buy old names, sexy names or something else in tech? >> liz, i would go a different route. i would buy names of companies with actual real profits. haven't we been through this before where everyone was on the tech bandwagon in 1999, 2000? companies that had had no profits whatsoever. company like tesla, i love tesla, but it has no profits. as much i would like to play the stock or invest it, i think you need to stay with ones like googles, apples, netflixs that are making money. liz: interesting that you view tesla as technology stock. it is auto name as well. i hear what you're hearing. you're growing with google, apple. paul, do you agree with that strategy? who else doesn't have profits? we know big names sexy at the
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moment, like alibaba definitely do. >> alibaba they do, apple and google too. it is interesting in tech. you kind of look at it whether you were a value investor or growth investor you can find things in there on both sides which makes it a very interesting sector but point is very well-taken. you look at the nasdaq composite. everyone is looking. want to see when it gets back to the record. that is great. but that record was 15 years ago. it has been 15 years since we've been at that point. that is perspective. liz: do you think there is too much froth with the analyst, nine out of eleven cover the tech sector overall say this is overweight? >> yes. but it is hard to pick out exactly where. i mean, what stocks are overvalued? certainly not apple. you know, some of them r i think, ultimately comes down to the fact that, if you're going to be investor you have to stick to your knitting. do your own research. make your own determination. liz: tracy, what is technology stock? >> that is the thing. liz: craig johnson,
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cirrus logic, intel, applied materials. >> i think some point everything will be a tech stock. certainly it will have to. i like apple and google. those are old stodgy companies. apple is best-of-breed and google is a verb to own it. stuart varney will fall off his tractor but look at microsoft. you have 3% dividend. this company is loaded with cash. it doesn't know what to do with it. when i tell you something my son buys something for xbox every day. it is complete racket but he can't be only one and has to be worth something at the end. liz: gary, you want to get? >> tracy said, everything is a tech stock. i threw tesla in there. it is technology stock but auto stock kind after technology stock. liz: i see twitter and alibaba more as consumer social media stocks, not technology but they are in a way. tracy, you're on to something. the dow and s&p continue to hit
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new all-time highs. if you think there is too much froth, too much optimism in the market overall, what is the next safety play? paul vigna, not gold? >> no. personally i never thought gold is a very safe sector. it is as volatile asking anything. look at past couple years, it has gone up and down wildly. our traditional safe havens will be safe havens. thing to keep in mind with the market right now, every central bank in the world is easing, every central bank in the world throwing money out there. it makes everything look good. when that washes away look for traditional safe havens, high quality bonds, high quality stocks. corporate grade. those are the safe havens. if you're worried what is going on right now and want to put your money somewhere safe and still get a little bit of return that is where you end up. liz: tracy, i assume you're not going to say under the mattress? >> no. i say don't be worried. because central banks are pouring money into the economy all over a the world. this will be a while.
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get in this. 401(k) money in this. this is gut check. if you can sleep owning tesla you should own it. liz: that is not gary b. but what are your safety names? >> first rule of safety club there is no safety club. >> right. >> that i say the only way you can, be safe is diversify. pick up little gold, pick up little bonds and pick up some stocks. liz: good quality stocks that pay dividends you know aren't going away. coming up, a guy really good at that, warren buffett making his first outright acquisition in europe. should you follow the "oracle of omaha." and who has a the best week out there? stay tuned, david. david: want to hear that one. also coming up the oscar swag bag, you heard about those? this year each bag is worth $167,000. can you imagine getting that? gifts include a $20,000 car rental, a trip to tuscany italy, all-expenses paid.
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this year other racy expensive items. we talk to the man that put the bags together. that is coming up. breaking news on the port slowdown. how much damage has been done even if there is a resolution this weekend? we have two companies. we're losing lots of money as their goods are still stuck on ships. for all those parents worried about the their kids seeing inappropriate stuff on youtube? we have a solution for you. all that coming up in a moment. ♪
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tigers, both of you. tigers? don't be modest. i see how you've been investing. setting long term goals. diversifying. dip! you got our attention. we did? of course. you're type e* well, i have been researching retirement strategies. well that's what type e*s do. welcome home. taking control of your retirement? e*trade gives you the tools and resources to get it right. are you type e*? >> we like to buy more businesses around the world. we're probably going to buy a small business in europe but i love to buy big ones. liz: that is exactly what he did. warren buffett, telling fox business exclusively just a week 1/2 ago, he was going to buy a company in europe. he did. should you follow the "oracle of omaha" overseas? we are back with our panel.
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we bought a motorcycle company. he is dying to buy million dollar companies. >> this is laughing me to a little. he usually buys companies he uses. is he going biking in germany? i think, investor have be very careful about things they don't understand. i think warren buffett would say that as well. go with the big multinationals. liz: i think so. when you see the lower third, buffett buying into europe, it's a european company, gary b., he would be first to say, i don't buy sectors, i buy individual companies that i love. >> exactly. to tracy's point i don't understand individual companies in europe. i barely understand individual companies here. so, look, if you think that warren buffett knows something, then buy berkshire hathaway. otherwise -- liz: extension in greece. it is unloved sector right now when it comes to europe. why not go into unloved area
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instead of richer and richer by the minute u.s. names. gary? >> is that to me? the. liz: yeah. >> look i agree it is probably unloved and undervalued, the whole reason you point out the greek, euro, germany doing what they're doing, russia over there, just too much stuff going on i don't understand. liz: we climb the wall of worry like we did in the u.s.? >> any times, you hear stories, warren buffett bought that, carl icahn bought this. warren buffett and carl icahn's investment goals are very different from most people's investment goals and their resources are different from their resources. i'm hesitant about blindly doing what warren buffett does. he is not trying to fund his 401(k). liz: had you bought railroads when he did in 2005, six, seven, you would have won. get to major indices at all-time highs. there were a lot of stumbles and a lot of triumphs this week for individual stocks, business leaders, politicians and others. who were the biggest winners and
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losers? tracy, you get to go first, sinner and loser. >> winner is walmart. raised wages, half a million workers are getting a pay raise because of walmart. investing in retaining for retention. thought that was great for walmart. my loser this week, amex. they tried to go to court, saying no one can use any credit card than other ours. judge said not to so much. costco fiasco where they separated from costco. there is a reason amex is down this week. liz: paul, your winners and losers. >> hackers got into the state department mail servers. these hackers that is gold medal of hacking. got into the state department. they can't get you out. they won, what do you want? my loser, every single person on the eastern seaboard. it was one degree this morning. it is freezing. it is getting more snow. i'm officially done with winter. i am a loser. liz: you're such a baby. you live in new jersey.
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i'm a calfornian and i'm dealing with it. gary b., your winner and your loser? >> well, my winner was short volatility, short vxx. you can also be long xiv. liz: that was a good play. we hit a low of 2015 on the vix. >> exactly. so volatility is dropping out as obviously the market goes up. they usually run counter to each other. my loser, actually i think eked out maybe a gain for the week was, disney. my wife and i just went down to disney in, couple weeks ago. it was mobbed in february! i love the company. i think it is going to be a big winner. liz: but you had it as a loser? >> i, well, got ready for the show it was down a little bit. by end of the day it was up. liz: my winners and losers, my winner, had them in the last hour. he is cantor fitzgerald around bcg partners and ceo howard lutnick. not only did he beat out the cme getting a company called gfi under his wing but he called the
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dollar strength more than a year ago. it has jumped exponentially. my loser is actress julia louis-dreyfuss. i enjoy here on the show "veep." she turned down doing oscars. shouldn't have turned it down, julia. paul, gary b. david: she would have been good on the oscars, agree. >> i love her. david: getting down to the wire at west coast ports. friday deadline set by labor secretary. it is closing in. even if it is resolved is economic damage still being done? we still will talk to businesses with containers on ships they can't get off. >> the oh. how about a cup of coffee these days, a group of scientist, i'm loving these guys, are considering making coffee a dietary recommendation for americans? why? we'll tell you next. ♪
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sometimes they just drop in. always obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. david: reports are negotiation of the settlement is critical leg and word l.a. ports could be open tomorrow. with folks with cargo stuck in ships at least a week will be a
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cost. we have two of those folks. jason carr, brian javelin, pacific play tents executive vice president. gentlemen, good to see you. jason, first to you, how long have your goods been stuck on one of these container ships? >> our goods have been stuck now approximatelily three weeks. david: three weeks? wow! >> how much has that cost you? >> well first of costing us our reputation, costing us we have close to million dollars at port right now. those goods have to be shipped immediately. so it is costing us penalties from retailers and problems. big problems. david: that is very interesting. you bring up reputation point of it. brian, go to you on this, is that a problem with the people you're supplying? you said you deliver at certain time and you have been unable to? >> well it is a significant impact because most retailers today control their inventories with jit inventory, just in time. david: sure. >> they're not stocking back stocks.
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they expect us to have inventory and deliver with delivery dates we contracted for. when we're late they don't have goods on their shelf. often times they have to go to somebody else to fill empty space, has that happened, brian? were there occasions people said look, i'm sorry you lost the contract. >> we haven't been able to have that happen yet. we have great relationships. we're an old company. we have long-term relationships. we maintain them. people know what is going on. we done as best to supply as many of our retailers as possible. david: by the way, how long has your stuck been stuck on board? >> average time, 14, to 16 days. we're adding 20 to 25 days from time of vessel in port until we see in our stores in los angeles. david: why so long? the ports have not been closed that long? >> we used what was called night pulse. we pull the containers at night. they would be at our dock at 6:30 in the morning. that is not happening. no more night pulse. congestion and ports.
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truckers stand in line eight hours not able to pull a container. we have one cainer been here 15 days off-loaded. trucker gone five different times to pull it. they have been unable to secure the container. david: wow is. >> son what are you hearing about the resolution to the deal? secretary put midnight friday as break down date or time and we're hearing there is some progress towards a settlement? >> mayor garcetti is doing everything possible, speaking with mr. perez. we just hope this reconciles quickly. this could escalate. real problem that we have here, once these containers, first of all, there is close to approximately 33 ships. on these ships there are 15,000 containers. looking half a million containers coming into the port right now. once these, once these dock, you're looking at almost a two-month resolution to this. or could be longer. so not just, we usually get our goods in a week, from when the goods land at port. so now we have notify retailers
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and let them know, hey, you know what? this will not be three weeks or four weeks. this could be two to three months delay. david: wow! if there is a deal, have you added up all the costs for yourself? i mean not including costs that are tough to add up that people can't rely on you anymore? >> first of all -- david: hold on. jason, go ahead. >> we have, we have incurred costs. right now, whether or not air in goods from china and india. typically a container from china to los angeles will cost approximately $4100. to air a 40-foot container by 747, looking at tens of thousands of dollars. that is a lot of at risk here. it will cost us a lot of money. we have to service customer. we're doing everything possible. david: jason, has it made you question where you're sourcing this stuff from? perhaps you may find a supplier here in the states so you don't have to deal with this again? >> we, the efficiency in china and costs of doing business
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there is, we can't, we do have some confection in the usa but majority of the retailers that we deal with are ordering large quantities. that stuff has to be made in china or india. david: brian, jason brought up kind of a scary thought that this could escalate. certainly if there is no resolution that it could spread to ports outside of the west coast, maybe on the east coast. have you heard anything about that? >> i did today as a matter of fact, because east coast contracts are up in approximately another several months beginning in 2016. so the same scenario that is happening on the west coast could potentially happen on the east coast. david: wow. we're -- final word. go ahead, brian. >> moving goods to the east coast sin sane. cost to do that is almost triple bring it into the los angeles port for our company because we're headquartered in los angeles. david: we're keeping our fingers crossed for you guys. this could be make-or-break for the economy at least in this quarter. jason carr, brian, best of luck.
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let's hope this thing gets resolved. >> thank you. >> thank you. david: thanks for coming on. liz: can't get a morning started without a cup of joe? having one, two or three cups of coffee may not be bad at all. it may be recommended. david: that is good news for me. some actors at the oscars will walk away with a trophy, that is true but they will walk away with a $167,000 swag bag. can you believe it? we'll take you inside of the bag with the man who put it together. that's coming up. the road.
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call now, request your free [decision guide] and start gathering the information you need to help you keep rolling with confidence. go long™. ♪ >> all right, i need eight double tall. eight double tall lattes, one with no foam. 5% decaf. four -- liz: maybe you don't order that much coffee, but, millions of you drink coffee every day. if you are one of them, we've got some good news. a government advisory committee reversing its previous guidelines on coffee saying, it may actually be good for you. david and i are thrilled. that should did i shows three to five cups of coffee could actually help reduce the risk of
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heart disease and diabetes. they watched out for the extra sugar. i solved that, trivia. david: don't need sugar. there is sugar in milk. 87th academy awards show is sunday much. we talked about who the winners and losers will be. even the loser will go home with the most expensive oscar swag bag ever, costing or worth, $167,000. liz: what is in it? in this year's bag we have the man who put the bags together. this is his job. distinctive assets founder. you do this for a lot of awards show, country music, but emmy, oscars is the most expensive one ever. let's talk about what is in it that makes it so expensive, lash. >> sounds like a good thing i added dunkin' donuts coffee based on reports you just did. so that is fantastic news for all the nominees. but as you said this is really, really amazing consolation prize for nominees.
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even if they go home without oscar, i put together a handful of items, category winners if you will. talk about big-ticket items. one is my favorite is from silver car. what they're providing nominee as, a years worth of free audi car rental, including the gas worth $20,000. that is fantastic gift. least expensive but sort of most important, dove and dove plus men es plus care, dry spray antipercent per rant. they are $5.49. most unique, this is the only skin care product on the market uses licensed nasa technology called micro gravity to transform the skin. it is $150 bottle. most useful, every iphone user walking around with cracked phone face. you love phantom glass. this is screen protector designed to absorb impact. it shatters instead of your iphone face shattering. last but not least, gifts that give back. we're so excited to be
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partnering with this year with ellen degeneres's company, halo natural pet food. making 10,000 donation to each of the nominees. they all cost their favorite a animal shelters to receive 10,000 peals. >> e meals. david: that is nice. we're glad they're doing it. frankly when i look at that compared to a holiday in tuscany, worth $11,500 it is no contest. i wonder how much, taxes people who receive these have to pay? is it standard rate, 39, 40%? >> whatever tax bracket they're in. business gifts are always taxable, as are cash tips for waiters. it is all how they allocate and have their accountants allocate it. david: how did you choose? you must have had some reasons for choosing one gift over another? what did you decide not to do that you were being pushinged to do? >> oh, try to include as many
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things as possible. i'm one of those people who believe more is more. we get such diverse assortment of folks, old, one, men, female. what they want to use great, what they want to regift great. i'm a fan of regriffithing -- regifting. david: me to. liz: i wanted to ask him about the vibrate tore. david: don't ask him about the enigma life reading. >> they put a vibrator in there. david: by the way, it is a laser vibrate tore. we won't go into details beyond that. we wonder how it works. liz: lash is the man. he put it together. here is where the real money comes in. if one celebrity is snapped in one of those magazines holding or using any one of those products it, could mean big bucks for the products. david: indeed. we're sorry we couldn't finish out interview. thank you for coming on. liz: the man who may have the best memory in america put to the test by stuart varney. did he pass? we'll show it to you next. david: also from niagra falls to
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new york city, record breaking cold is covering a lot of the nation tonight. we get the latest forecasts what is coming next, after this. >> hi, everybody, i'm gerri willis. coming up on my show at the top of the hour, another obamacare foul-up. this time with a little help from the irs. up to a million people likely to have their tax refunds delayed. that is just one of the big stories coming up on "the willis report" in just a few minutes. ♪
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the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do. when the moment's spontaneous, why pause to take a pill?
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build yourself a website. welcome to t.o.'s humble pies. with wix.com ... let's party! ... we make it easy to create your own all-pro website ... ... all by yourself. favre & carve! you did that yourself? don't look so surprised. wix.com. it's that easy. hi, tom. wix.com. it's that easy. hey, how's the college visit? you remembered. it's good. does it make the short list? you remembered that too. yea, i'm afraid so. knowing our clients personally is what we do. it's okay. this is what we've been planning for. thanks, bye. and with over 13,000 financial advisors, we do it a lot. it's why edward jones is the big company that doesn't act that way.
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david: genuinely freezing weather is blanketing the country from new york to niagra falls to chicago. gerri: we may be in for more. accuweather has the forecast. hi. >> hello, how are you. well, that is true. there are lots of colder air in place. you guys forgot to mings we actually felt cold in central florida where residents in tampa woke up with temperatures in the 30s. we're looking at arctic blast across most of the country and there is more to come. however, we are tracking an area of low pressure, right now pushing through the midwest. it is producing disruptive snow. it is not a lot but enough to coat the roads and produce slick travel. but this storm system will combine with all this arctic air across northeast where temperatures are just frigid along the i-95 corridor and it gets even colder as we head further inland. this area of low pressure will
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just ramp as we continue to head into the weekend. we're looking general three to six inches of snow from new england back into wisconsin and then icy mix further south where temperatures are still above the freeze point. and if that is not enough, we're also looking at anywhere between one to three inches further south again. we're looking at snowfall through sunday and behind our storm, yet another blast of arctic air is on the way. we're going to feel it across the northern plains on saturday. that blast continues to spread further east. and we're looking at more cold air on the way to kick off the work week. so once again, lots of colder air in place and all this cold air will be felt across most of the nation. so stay warmth. david: you know whose fault it is? vladmir putin. all coming from russia. that is where the arctic blasts are coming from. larisa, thank you, very much. by the way, negative 18 in syracuse was real. not feels like temperature. liz: not the fake windchill.
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how good is your memory? well, stuart varney put three-time u.s. memory test with 10 random words. how did he do? part of our fox business rewind. >> climate. timbuktu, terrorism, sue per few with us. radiator, cheeseburger, allegory , jubilee, grandiose, and nouakchott. >> what was last one? >> nuokchutte. >> got it. okay. all right. starting at beginning, climate, timbuktu, terrorism, superfluous, radiator, cheeseburger, allegory, i'm going to skip next one, come
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back to it. grand i did i owes, and noukchotte is that right. >> yes. >> only missed one. >> i'm give you, find the last word but let's continue i will figure it out along the way. >> that is the capital of mahre taken yaw. you are three-time usa memory champion. >> can you make any money out of this? >> you know, i've made it my living. i give speeches. i teach people how to improve their memories. so in a sense, yes. >> in 10 seconds, can you tell me what your tactic is? how do you do it? what is the strategy? >> yeah. so the quick thing, i take whatever i'm trying to memorize, something abstract, right, that is difficult and turn it into a mental picture. i make it very vivid and colorful, over the top. that makes it more memorable. >> now another test. give me those 10 words again in the correct order, go. >> you want them backwards maybe? >> yes. >> excellent. >> go.
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yeah. >> all right. noakchutte, grandiose, jubilee, allegory, cheeseburger, radiator, superfluous, terrorism , timbuktu and climate. >> that was excellent. liz: bravo. david: wish i could do that. wish i could do that. told us how. catch all of today's interviews on foxbusiness.com. liz: bringing back "wall street journal's" paul vigna with a great memory for number one thing he is watching. >> grandiose cheeseburger. liz: timbuktu. david: you have 30 second. >> fed speakers this week, janet yellen tuesday, wednesday. that is always interesting. thing i keeping a on a oy an, lesser known economic indicator, there it is, chicago fed national activity. david: what is that? >> comes out monday morning 8:30. david: what is it. >> 85 indicators, mash them together come out with a number. measures momentum in the economy. good early tell where the economy is going.
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monday morning coming out. david: great stuff. paul, wonderful to have you here. >> not superfluous. david: grandiose. liz: have a great weekend. david: "the willis report" is next. >> hello, everybody, i'm gerri willis and this is "the willis report," the show where consumers are our business it is latest screw up by the irs. no refunds for now. nearly a million people are told to delay filing their taxes. >> no, it is not operating smoothly at all. i suspect it never will. gerri: a government panel has new rules for food and it ain't sweet. feds say they want to transform what we eat. cars, made by apple, on the road in five years. is this even real and would you drive one? >> i like what they're doing with the cars but biggest knock against microsoft was they never diversified away from their operating systems. also a nation shivers. record-setting deep freeze, won't let up. >> to
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